FXStreet (Edinburgh) – The single currency is now accelerating its daily decline, dragging EUR/USD to test fresh lows in the mid-1.1100s.
EUR/USD weaker on USD advance
The buying interest around the dollar is now growing bigger following news that a EU-Greece deal this time could be closer, according to rumours from Brussels. The bid tone in USD follows the Fed’s recent comments that an agreement between Greece and its creditors could collaborate in the decision to hike rates.
In addition, yields in US Treasuries remain on the rise, giving further oxygen to the USD-upside.
EUR/USD levels to consider
As of writing the pair is losing 0.22% at 1.1178 with the next support at 1.1154 (low Jun.24) ahead of 1.1135 (low Jun.23) and finally 1.1087 (low Jun.8). On the other hand, a break above 1.1229 (high Jun.25) would aim for 1.1288 (Tenkan Sen) and then 1.1292 (low Jun.19).
(Market News Provided by FXstreet)